Cooper Energy

Today, Cooper Energy released our FY24 Full Year Results. Highlights §  Record annual production: up 4.2% to 62.1 TJ-equivalent per day or 22.7 PJ-equivalent §  Record annual underlying EBITDAX: up 16.7% to $127.5 million §  Record adjusted cash from operations1: up 19.8% to $114.8 million §  FY24 guidance: met FY24 production, production expenses and capex guidance §  Orbost Gas Processing Plant (OGPP): performance improvement plan delivering strong results, daily nameplate production capacity reached in July and numerous production records set over the past month §  BMG wells decommissioning: completed in May 2024 §  Transformation programme: $10.5mm in net savings realised at end FY24, including a 24% reduction in net G&A costs from FY23, with potential for further meaningful savings in FY25 §  OGPP third absorber: decision made to not proceed with installation of a third absorber at OGPP §  East Coast Supply Project (ECSP): maintaining project timeline with procurement of long-lead items to deliver a 3-well programme with first gas in 2028 §  FY25 guidance: expecting increased production driven by performance improvements at OGPP, full benefit of cost-out programme and an increase in capex, largely due to ECSP Full details are available on our website www.cooperenergy.com.au

FY24 Results Conference Call Details                                                   Cooper Energy (ASX:COE) will release its FY24 Results on Tuesday, 27 August 2024. Managing Director & CEO Jane Norman will lead a conference call to discuss the results that morning. § Time: 8:30am ACST (Adelaide) / 9.00am AEST (Sydney, Melbourne) § Date: Tuesday, 27 August 2024 Webcast Link https://lnkd.in/gFr2JdQ9 Registration Link https://lnkd.in/g3cwEMic A recording of the webcast will be available via the webcast link and the Cooper Energy website later that afternoon. For more information, please contact our team for investors and media. 

On Friday, 16 August, we had the pleasure of hosting a Gas Industry Day for 75 enthusiastic students from various local schools. The event was coordinated by The Neil Porter Legacy and was a collaborative effort with Beach Energy Ltd and Lochard Energy aimed at inspiring the next generation of energy professionals. We welcomed Year 10,11 and 12 students from Camperdown, Derrinallum, Cobden Timboon and Hampden schools. One of the features of the day was the tour of Cooper Energy’s Athena Gas Plant for the Camperdown and Hampden students. They had the unique opportunity to explore the plant, including an exclusive visit to the control room. They were interested in the operations, technology and the process to ensure the safe and efficient production of gas. This hands-on experience provided valuable insights into the gas industry and sparked some curiosity among the students. We are thrilled to have been part of their journey and look forward to seeing some of these bright minds join our industry in the future. A big thank you to The Neil Porter Legacy and all the students and schools for participating. Thanks also to our industry colleagues at Beach Energy and Lochard Energy, for making this day a success! #EnergyIndustry #FutureProfessionals #STEMEducation #GasIndustry #InspiringYouth #IndustryTours #AthenaGasPlant

Potential Scams Please be aware that there are a number of fake adverts, emails, and employment offers that impersonate Cooper Energy and representatives of our organisation. Cooper Energy only uses email addresses ending in cooperenergy.com.au to contact job applicants. No applicant for employment with Cooper Energy is required to pay money as part of the job application or hiring process, and our recruitment process involves in-person (including video conference) and/or telephone interviews taking place prior to any offer of employment being made.

Cooper Energy’s Orbost Gas Processing Plant continues to hit new production highs! We have now averaged >60 TJs per day for the last 17 days – the longest run ever for this plant. The plant also averaged 58.4 TJ/d over the last 30 days and 55.0 TJ/d over the last 90 days – new production records reflecting the dedication of the whole Orbost Gas Processing Plant team to make more gas available to our customers in Southeast Australia! #domesticgas #energysecurity #southeastgassupply

Congratulations to the Orbost Gas Processing Plant (OGPP) team for achieving a number of production records last week - just in time for another winter cold snap in Victoria! The plant produced 68.2 TJs on Saturday 27 July, its highest-ever rate and above its nameplate capacity of 68 TJ/day. On the same day the OGPP set its 7-day average production record of 66.8 TJ/day. Including figures from Sunday 28 July, the plant set records for 10-day average (65.2 TJ/day) and 14-day average (61.3 TJ/day) production. The production records reflect the hard work of the whole OGPP and broader Cooper Energy team on the Orbost Improvement Project, which has targeted processing and reliability improvements at the plant. Cooper Energy continues to strive to increase production into the tight Southeast Australian gas markets. Chart source: AEMO, https://lnkd.in/g9VMWCMT

Cooper Energy today released the Quarterly Report for the three months ended 30 June 2024. Key Features * Q4 FY24 production and revenue: total production is up 1% from the previous quarter to 63.9 TJe/d, and revenue is up 2% to $57.3 million from the previous quarter * Orbost Improvement Project: continues to deliver results with record absorber runtime of 6 weeks between cleans achieved * BMG wells decommissioning: completed in May, with the expected final cost of the programme being slightly less than A$270 million * Bairnsdale Power station agreement: with Alinta Energy to supply as-available gas during times of elevated electricity demand, highlighting the opportunity to provide shaped gas products to customers. Full details are available on our website, www.cooperenergy.com.au

Embracing the Circular Economy: Cooper Energy's Sulphur Trial Partnership with Gippsland Ag Group   In an exciting development that highlights the potential of the circular economy, Cooper Energy has partnered with Gippsland Ag Group to conduct a groundbreaking sulphur trial. This innovative project aims to compare the effectiveness of sulphur produced by Cooper Energy's gas plant with imported commercial sulphur purchased as a fertiliser.   The trial is being carried out on a nearby beef and sheep property, providing a practical setting to evaluate the performance of the two sulphur sources. The goal is to determine if the sulphur produced locally by the Orbost gas plant can be effectively used as a fertiliser in the Gippsland region, potentially reducing the need for sulphur imports.   Sulphur is one of the big four fertiliser elements crucial for assisting with soil microbiology, and this trial represents a significant step towards sustainable agricultural practices. By using sulphur from the gas plant, the partnership aims to create a more sustainable and cost-effective solution for local farmers.   This collaboration not only benefits the agricultural community by potentially reducing their reliance on imported fertilisers, but also showcases the principles of the circular economy. By transforming a by-product of the gas plant into a valuable resource for agriculture, Cooper Energy and Gippsland Ag Group are setting an example of how industries can work together to create environmental and economic benefits.   The sulphur trial is a testament to the innovative spirit of both organisations and their commitment to sustainability.   Stay tuned for more updates on the results of this promising partnership and its impact on sustainable farming practices.   ---   **About Cooper Energy**   Cooper Energy produces Australian gas for Australians and is proudly part of Australia’s energy future. With a strong commitment to the local community, Cooper Energy continually seeks ways to enhance the local economy and sustainability in its operations.   **About Gippsland Ag Group**   Gippsland Ag Group is a prominent agricultural cooperative focused on advancing sustainable farming practices. Through innovative research and partnerships, the group aims to improve agricultural productivity and environmental health.   ---   *For more information on this partnership and other sustainable initiatives, visit our website www.cooperenergy.com.au   **#CircularEconomy #Sustainability #Agriculture #Innovation #Partnerships**

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